Aergo Capital Limited (“Aergo”) has completed the sale of one (1) A350-900 aircraft, MSN 278, currently on lease to Singapore Airlines, and two (2) Rolls Royce Trent engines to Investec Bank, plc (“Investec”) and prepayment of associated debt with Dubai Islamic Bank.
Fred Browne, Chief Executive Officer of Aergo, commented: “We extend our gratitude to Singapore Airlines, who have been an excellent lessee throughout the duration of our partnership, and to Investec, for their collaboration and dedication in completing this sale. We are excited to continue our collaboration with Investec throughout 2024.”
Clayton Woollgar of Investec commented: “We are delighted to have completed the acquisition of our second new-tech widebody aircraft on lease to Singapore Airlines and would like to extend our thanks to the Aergo Capital team for their hard work and professionalism throughout the process. We look forward to continuing to build on the strong relationship that we have developed with Aergo in 2024 and beyond.”
Smith Gambrell Russell, LLP acted as lead counsel to Aergo.